Lineberry Foundation
- Assets
- $39.0m
- Revenue
- $1.5m
- Investments
- $38.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/2003
- Data as of
- 12/2022
- EIN
- 33-1047391
Organization Overview
Lineberry Foundation is located in Chicago, IL. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lineberry Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lineberry Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Deubel Pres & Dir | 30 | $20,000 | |
Deborah Salazar Sec & Dir | 30 | $20,000 | |
Daniel Pick Vice Pres & Dir | 25 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $685,002 |
| Net Rental Income | $49,981 |
| Net Gain on Sale of Assets | $671,290 |
| Capital Gain Net Income | $671,290 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,214 |
| Total Revenue | $1,508,740 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $28,800 |
| Pension plans, employee benefits | $2,872 |
| Interest | $0 |
| Taxes | $77,884 |
| Depreciation | $28,244 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,780 |
| Printing and publications | $0 |
| Other expenses | $61,224 |
| Total operating and administrative expenses | $718,586 |
| Contributions, gifts, grants paid | $2,300,000 |
| Total expenses and disbursements | $3,018,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,000,605 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,751,941 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,029,317 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |